NOT LISTED FOR SALE

4133 N 23rd Ave Phoenix, AZ 85015

Alhambra Neighborhood
2 Beds
1 Bath
800 Sq Ft
1973 Built

Last Sold January 29, 2016

Last sale price $312,000 $390 Per Sq Ft

50 Days on Market

Highlights

  • Heated Community Pool
  • Cooling Available
  • Individual Controls for Heating
  • Phoenix Coding Academy Rated A
  • Ceiling Fan

About This Home

As of January 2016

Check out the opportunity...SEVEN TWO BEDROOM UNITS WITH 800 square feet each and includes a great community POOL! Other advantages include all-Saltillo tile flooring, newer appliances (replaced in 2011), Upgraded windows, New Roof in 2011, excellent maintenance records, parking lot and good laundry income. CAP rate of over 7% with value add and a recapture return of less than 15 years. Current owners have made numerous capital improvements and this property is ready for any investor. Professionally managed can be continued -- we have the pro-forma budget that proves the numbers!

Last Agent to Sell the Property

David Prom

N.B. Andrews and Associates License #BR551476000 Listed on: 10/03/2015

Co-Listed By

Non-MLS Agent

Non-MLS Office

Last Buyer's Agent

PJ Caruso

Realty ONE Group License #SA535785000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,440

Year Built

  • Built in 1973

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Built-Up Roof
  • Block Exterior
  • Stone Exterior Construction

Interior Spaces

  • Ceiling Fan

Parking

  • 7 Open Parking Spaces
  • 7 Parking Spaces

Utilities

  • Cooling Available
  • Individual Controls for Heating
  • Master Water Meter

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for trash collection, water, sewer, landscaping, pool/spa maintenance
  • Assessor Parcel Number 154-29-016

Community Details

Overview

  • 7 Units
  • Building Dimensions are 17424 SF 62 Feet by 265 Feet

Recreation

  • Heated Community Pool

Building Details

  • Operating Expense $19,420
  • Gross Income $47,700
  • Net Operating Income $23,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,440

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Cross Street: 23rd Ave North of Indian School Rd
  • Legal Info Range: 2E
  • Property Type: Multiple Dwellings
  • Zoning: M-M, R-3
  • Number Of Buildings: 1
  • Year Built: 1973
  • Tax Year: 2015
  • Directions: West on Indian School, right/north on 23rd Ave, property on right/east side of road.
  • Road Surface Type: Asphalt, Curb(s) & Gutter(s)
  • Professional Management Expense: 2184.0
  • Co List Office Mls Id: nmls
  • Cooling:Ceiling Fan(s): Yes
  • Construction Brick: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Stone, Block, Brick
  • Roof: See Remarks, Composition, Built-Up
  • Construction:Block: Yes

Garage/Parking

  • Open Parking Spaces: 7.0
  • Total Parking Spaces: 7.0
  • General Property Description:Uncvrd Parking Spcs: 7.0
  • General Property Description:Total Parking Spcs: 7.0
  • Parking:Free: Yes
  • Parking:Paved Parking: Yes
  • Parking:_one_ SpaceUnit: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Electric, Ceiling Fan(s)
  • Heating: Individual, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise, Master Meter
  • Heating:Electric: Yes
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Community Features: Pool

Association/Amenities

  • Exterior Amenities:Landscape Wtr System: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:Pool2: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Fee Information

  • Trash Expense: 780.0
  • Annual Water Sewer Expense: 2976.0

Lot Info

  • Lot Size: 17424 SF 62 Feet by 265 Feet
  • Additional Parcels: No
  • Parcel #: 154-29-016

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping, Pool/Spa Maintenance
  • Tenant Pays: Cable TV
  • Number Of Units Total: 7
  • Electric Expense: 1836.0
  • Annual Gross Income: 47700.0
  • Insurance Expense: 3684.0
  • Maintenance Expense: 2620.0
  • Property Net Operating Income: 23364.0
  • Annual Operating Expense: 19420.0

Tax Info

  • Tax Annual Amount: 2440.0
  • Tax Book Number: 154.00
  • Tax Lot: 0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2016 01/29/16 Sold $312,000 -6.9% $390 / Sq Ft
11/20/2015 11/20/15 Pending -- -- --
10/01/2015 10/01/15 For Sale $335,000 -- $419 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • David Prom

    Seller's Agent in 2016

    David Prom

    N.B. Andrews and Associates

    (602) 527-9110

    2 in this area

    25 Total Sales

    David Prom
    Section Image

  • N

    Seller Co-Listing Agent in 2016

    Non-MLS Agent

    Non-MLS Office

  • P

    Buyer's Agent in 2016

    PJ Caruso

    Realty One Group

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5343452

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Maricopa County Phoenix 85015 Alhambra

4133 N 23rd Ave, Phoenix, AZ

This home is located at 4133 N 23rd Ave, Phoenix, AZ 85015 since 03 October 2015. This property was built in 1973. 4133 N 23rd Ave is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Phoenix Coding Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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